All-Inclusive Financial & Tax Advice For A Fair Flat Price

Financial Transparency :

Making information as accessible as possible
Not actively hiding anything

With most “financial advisors” it’s tough to know what you are paying them.

Between commissions, hidden fees, and asset under management charges, you may be paying a fortune and not realizing it.

I took the guessing game out of pricing and published it right here!!!

No hidden fees or charges.

The only person you pay is Shore Financial Planning.

Get Your Personalized Estimate Now

How do your current service compare?

Key:

Always:

Sometimes:

Rarely:

CategoryShore Financial PlanningNon Fee-Only PlannersCPA, Tax AccountantInsurance AgentsBrokers
Portfolio & Net Worth Analysis
Investment Planning & Implementation
Tax Planning & Tax Projections
Tax Preparation with Audit Protection
Financial Independence Planning/Retirement Analysis
Debt Management, Reduction, & Leverage
Education Planning
Insurance Analysis (home, life, auto, etc.)
Estate Planning
Mortgage Review/Refinance Advice
Employee Benefits Review
Cash Flow Analysis & Record Keeping
Goal Setting
Unlimited Advice
Coaching: Financial/Life/Business

Shore Financial Planning – Fee-Only, NO Sales, NO Commissions or Kickbacks

Non Fee-only Planners – Commissions and/or Fees Based on Assets Managed

CPA/Tax Accountants: Fee Based on Hourly Rates PLUS Commissions if they Sell Products

Insurance Agent – Commissions

Brokers – Commissions and/or Fees Based on Assets

Research from Vanguard attempts to quantify the additional value one can receive when working the right advisor. The benefits they highlight are as follows:

 

Think about what an extra 3.75% could do for your wealth over time. If you take $100,000 and earn 3.75% you get a future value of $208,815. That’s an extra $108,815 for every $100,000 invested! Having the right advisor matters.

Sadly, a lot people are not in a situation where they can actualize this additional savings because they are dealing with various levels and combinations of ignorance, incompetence or incentives.

So how can you increase the odds that you will achieve some of the benefits mentioned above?

Take these steps:
  1. Ensure you are working with a fiduciary. Work with someone that is a fiduciary who is legally required to put your best interest first. If they are a broker or dually registered as a broker and fiduciary, thank them for the free coffee and move on.
  2. Ask the right questions. Inquire about their level of knowledge, experience and incentives.
  3. Consider their approach. Watch for solution language before understanding the context. What is the approach taken to identify the needs of an individual?
  4. Incorporate a litmus test. All products and most solutions have pros and cons to them. If all you hear are the advantages of something that should at least kick in some healthy skepticism. Inquire about the pros and cons of doing something other than what is being recommended. If they can’t provide what the other side looks like it could be due to ignorance, incompetence or incentives.

 

You wouldn’t go to a doctor and expect him to provide a solution with the mention of a few symptoms would you?

You would expect him to go through the paces to fully understand what is happening internally to then prescribe the right course of action.

Diagnosis without proper diagnostic can lead to deficiency, danger, or death when it comes to medical issues.

Don’t subject yourself to this same approach when it relates to your finances.

THE IMPACT OF INVESTMENT EXPENSES

WHAT ARE HIGH FEES COSTING YOU?

  • If you are working with an advisor who charges you a percentage of your assets, it could literally cost you millions.
  • Percentage-based fees increase automatically as you add to your savings
  • Percentage-based fees increase automatically as the market goes up over time

Do You Know How Much You Are Paying Your Current Financial Advisor?

Do you know how they are getting paid? (commissions, Assets Under Management (AUM), Fee-Only, ????)

Are You working with a fiduciary?

Are they pro-actively planning to reduce your tax liability?

ACCREDITED AFFILIATIONS